Good To Know

May borrow up to 100% of the funds in your shares account and may qualify up to a 60 month term

May borrow up to 90% of the Share Certificate value;however, the loan term may not exceed the term of the Share Certificate

eSigning available

Electronic eSigning is available to sign your documents using a secure and intuitive online process. Please be aware that this process may verify your identity by asking a series of random "out-of-wallet" questions, which may be created from public record and credit databases

Application Process

1. Pre-Approval - May apply Online or In-Branch:

What you will need to provide at application:

Personal contact & employment Information

Proof of Income

W2

Pay Check Stub

Self Employed: Two years of tax returns

Amount Requesting

Member will receive a pre-approval letter (email for online apps) from a loan officer/processor. This will be your point of contact for your loan closing.

2. Prior to Loan Closing:

For Debt Consolidation loans, member will provide the following creditor information on debts to be paid:

Yes, we offer variety of small business loans (Line of Credit, Signature, Vehicle and VISA loans.) These loans are processed the same way our personal are processed except these loans will be in the business name.

Do I need to complete more than one application to apply for multiple loans?

No, you may apply for the full amount that you need, however, you may have more than one loan if the loans are different types.

How do I know if I will need a co-signer? I don't have much of a credit history yet.

Click here to complete an application online. A Loan Officer will run a credit report, review the request and determine if a co-signer is required.

Do you offer Investment loans?

No, we do not offer Investment loans at this time.

What kind of loan do I need if I have no collateral for a loan?

A Personal Loan would be the type of loan to apply for if you do not have anything as collateral.

How is interest calculated on a consumer loan?

Divide the interest rate by 365 days (# of days in a year), multiply by the principal balance (this gives you the per diem), then multiply that by the number of days from payment to payment. Interest is calculated daily on the unpaid principle balance of the loan.

Do you offer credit life and disability insurance on any type of consumer loan?

Yes, credit life and disability insurance is available on all consumer loans.

What do you mean by risk based lending?

Risk based lending allows us to offer extremely competitive rates to our most credit worthy members while still being able to help those with less than perfect credit at a very competitive rate. The rate is determined by the credit score furnished to us by the credit bureau at the time we request the report.

What do you mean by risk based price lending?

Risk based price lending is setting the interest rate based on a member's credit score. This is why the Credit Union posts a range of rates rather than a single rate for each loan term and type as the rate you receive will fall within a range depending on your credit score.

Compare Personal Loans

Personal Loans

Line of Credit

Share Certificate Loans

Share Secured Loans

DESIGNED FOR

Members who wish to borrow funds for a variety of expenses or consolidate debts into one simple loan payment

Members who need convenient access to a ready supply of cash at competitive interest rates

Members who wish to build good credit by using share certificates as collateral for a loan

Members who wish to build good credit by using share savings Accounts as collateral for a loan

Low and Competitive Rates

Speedy Approvals and Pre-Approvals

NO Collateral Required 1

Flexibility to Use Your Loan for Any Expense

Simplify Your Life and Budget By Consolidating Bills and Having a Single Payment

Convenient Payment Options

NO Penalties if You Pay Off Your Loan Early

Low-Cost Optional Payment Protection Insurance

Can Be Used As Overdraft Protection

Earns Dividends During the Loan Period2

Eligibility based on credit worthiness and other factors.2APY=Annual Percentage Yield.All share accounts are compounded and paid quarterly.Rates may change after account is opened.All share Certificates are compounded and paid monthly. Fees can reduce the earnings of deposit accounts. Penalties may apply for early withdrawal of share Certificate deposits.

Services

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Third Party Link Disclaimer - JSC Federal Credit Union (JSC FCU) does not endorse or guarantee 3rd party links. The products and services offered on 3rd party sites are not products of JSC FCU. JSC FCU cannot attest to the accuracy of information provided by the linked sites. Linking to a web site does not constitute endorsement by JSC FCU, or any of its employees, of the sponsors of the site or the products presented on the site. Other websites which you may link to from the Credit Union's site are not bound by the JSC FCU Website Privacy Policy. The calculators provide estimates only. *APY = Annual Percentage Yield. APR = Annual Percentage Rate and is accurate as of 03/25/2016, ranging from 1.89% APR - 12.14% APR and subject to change. All Rates are subject to change without notice. Lending rates are subject to credit approval. A fixed-rate loan for $20,000 based upon a 1.89% APR paid over 60 months would have 60 monthly payments of $349.61. All Share accounts are compounded and paid quarterly. Share Drafts are compounded and paid monthly. Rates may change after account is opened. All Share Certificates are compounded and paid monthly. Fees can reduce the earnings of deposit accounts. Penalties may apply for early withdrawal of Share Certificate deposits. **Certain restrictions apply. As of May 2009, your savings are federally insured up to at least $250,000 by the National Credit Union Administration, a U.S. government agency.

Locate a Surcharge Free ATM or Shared Branch

eBanking Login

By accessing this link, you will be leaving JSC Federal Credit Union’s website and entering an external third party site. The external website you are linking to is not operated by JSC Federal Credit Union and is not responsible for the product, service, overall website content, security or privacy policies. Privacy and security policies may differ between our website and external sites. Please consult the site’s policies for further information.